Where the entity presents current assets separately from non-current assets and current liabilities separately from non-current liabilities,IAS 1 requires items to be disclosed on the face of the statement of financial position ,including:
A)total assets.
B)total liabilities.
C)total parent entity interest.
D)all of the given answers.

Question

Quizplus · Accepted Answer

According to IAS 1, if an entity presents current assets separately from non-current assets and current liabilities separately from non-current liabilities, then items such as total assets, total liabilities, and total parent entity interest must be disclosed on the face of the statement of financial position. Therefore, all of the given answers are correct.

Where the Entity Presents Current Assets Separately from Non-Current Assets